Your Local Home Advisor

My daughter is thinking about her future. She is looking at the difference between renting and buying a home - because in the near future, she is planning to get married. She is amazed that home prices are SOOO HIGH.

I told her that RENTS are high, too so she may as well BUY.

What about you? You have to start, somewhere, if you are going to buy. Why not squeeze the trigger and buy something small in a city or area that is not as desirable as where you want to end up? As prices go up, your equity will be higher, and then you could put more down on a house with the gain - but that would be later down the road.

Your possibilities are good - but doing nothing will just make everything more expensive for you in the future. Stop the madness! Buy a smaller place, and then later buy your dream home.

My daughter is thinking about her future. She is looking at the difference between renting and buying a home - because in the near future, she is planning to get married. She is amazed that home prices are SOOO HIGH.

I told her that RENTS are high, too so she may as well BUY.

What about you? You have to start, somewhere, if you are going to buy. Why not squeeze the trigger and buy something small in a city or area that is not as desirable as where you want to end up? As prices go up, your equity will be higher, and then you could put more down on a house with the gain - but that would be later down the road.

Your possibilities are good - but doing nothing will just make everything more expensive for you in the future. Stop the madness! Buy a smaller place, and then later buy your dream home.